Short Interest in Jerash Holdings (US), Inc. (NASDAQ:JRSH) Declines By 41.2%

Jerash Holdings (US), Inc. (NASDAQ:JRSH) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 47,071 shares, a drop of 41.2% from the May 14th total of 80,095 shares. Based on an average trading volume of 185,306 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

Jerash Holdings (US) Trading Up 8.4%

Jerash Holdings (US) stock traded up $0.29 during midday trading on Monday, reaching $3.75. The stock had a trading volume of 36,560,228 shares, compared to its average volume of 122,167. Jerash Holdings has a 12 month low of $2.85 and a 12 month high of $5.47. The company has a market capitalization of $47.63 million, a P/E ratio of 25.00 and a beta of 1.11. The company has a fifty day moving average price of $3.33 and a two-hundred day moving average price of $3.18.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Monday, June 15th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Thursday, May 14th. Jerash Holdings (US)’s payout ratio is currently 133.33%.

Institutional Trading of Jerash Holdings (US)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Jerash Holdings (US) during the 4th quarter worth approximately $32,000. NewEdge Advisors LLC bought a new stake in Jerash Holdings (US) during the 1st quarter worth approximately $43,000. Jane Street Group LLC bought a new stake in Jerash Holdings (US) during the 2nd quarter worth approximately $50,000. State Street Corp increased its holdings in Jerash Holdings (US) by 27.6% during the 4th quarter. State Street Corp now owns 21,705 shares of the company’s stock worth $66,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in Jerash Holdings (US) by 35.7% during the 3rd quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after purchasing an additional 10,912 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JRSH. Wall Street Zen raised Jerash Holdings (US) to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Jerash Holdings (US) in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Jerash Holdings (US) Company Profile

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.